Innovative CRRH West Africa Housing Deal | |
Over the past five years, MiDA Advisors has expanded to a global advisory firm specializing in blended finance solutions and transaction advisory services to mobilize institutional investors into the real economy. To date, MiDA facilitated investment deals targeting Africa and other emerging markets totaling over U.S. $1.5 billion. The CRRH transaction is a landmark transaction that MiDA originated as highlighted in the press release below. | |
Innovative West Africa Affordable Housing Transaction Realizes Promises of Renewed U.S.-Africa Partnership
Author: Aymeric Saha, CEO – MiDA Advisors
In December 2022, officials from 49 African nations as well as hundreds of civil society and private sector business leaders convened in Washington, D.C. for the U.S.-Africa Leaders Summit, empowered by the promise of a revitalized U.S.-Africa partnership focused on economic growth and sustainable impact. In a speech addressing the Continent’s heads of state, President Biden vowed, “the United States is all in on Africa – and all in with Africa.”
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Supporting the Enabling Environment | | |
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This year, MiDA Advisors will support Prosper Africa's Institutional Investors Delegation Trips to tw0 different regions on the African Continent. The upcoming delegation trip to Egypt will take place May 1st - 5th, 2023, in conjunction with the Africa Private Equity and Venture Capital Association (AVCA) Annual Conference, the largest gathering of investors in the private equity and venture capital sectors in the world, who collectively manage over USD 1.5 trillion in assets. | |
The delegation trips aim to encourage the influx of U.S. private and public capital into Africa by informing and exposing institutional investors in the U.S. to investment opportunities on the African continent. The delegation trips will be essential in helping delegates comprehend the potential for investment on the Continent, improve their ability to distinguish between perceived versus actual risks, build relationships with local asset owners, asset managers, and other key players, and evaluate an investable pipeline of deals across Africa. | |
Supporting Gender Economic Empowerment | |
On this Women's History Month, MiDA Advisors is proud to work with women who are taking the lead in creating a more inclusive and equitable world. MiDA Advisors continues to empower women in emerging markets through Fund Manager Programs, including the African Women Impact Fund (AWIF) and Women Empowerment Mentoring and Incubation (WE>MI) Fund Manager Program to accelerate economic growth and promote socioeconomic resiliency. | |
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Empowering Africa by Investing in Women: Creating Inclusive Pathways for Women Fund Managers
January 31, 2023: Contributing Authors: Nadine Mentor Williams, Melanie Schwartz, Meenakshi Coondiah As we kick-off this new year, MiDA Advisors is continuing our commitment to women economic empowerment globally. As evidenced by the women-focused fund manager initiatives pioneered by MiDA Advisors over the last two years, we are passionate about identifying and mobilizing more funding, resources, and support for women-owned businesses in Africa and in other emerging markets.
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National Association of Securities Professionals (NASP) Women's Forum
March 9-10, 2023: The NASP Women’s Forum kicked off with a panel “Investing in Women Globally” moderated by MiDA Advisors' Associate Director, Yeabsira Zewdie. The speakers, Barbara Iyayi, Shaïna Silva, Jesmane Boggenpoel, and Angela Miller-May shared their experiences as industry pioneers and leaders. They also highlighted the value of supporting each other and investing in women.
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Jesmane Boggenpoel, Managing Partner of AIH Capital and a member of the inaugural Women Empowerment Mentoring and Incubation (WE>MI) Fund Manager Program, was a speaker at the NASP Women's Forum. Jesmane shared her experience as a female fund manager in South Africa, including the technical and investment support she received from the WE>MI Program to access resources and build relationships with global investors through meetings facilitated by MiDA Advisors.
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Women Empowerment Mentoring And Incubation Fund Manager Program Testimonials | |
MiDA Advisors continue to support the development and growth of the fund managers from the inaugural Women Empowerment Mentoring and Incubation (WE>MI) Fund Manager Program which concluded last June 2022. MiDA Advisors helped to facilitate over $21 million in commitments to WE>MI cohort members.
MiDA Advisors is seeking financial support to expand WE>MI throughout Africa to empower more women-owned fund managers.
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Testimonials from the WE>MI Cohort
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MiDA Team Makes the Investment Case for Africa | |
CEO Aymeric Saha Speaks about Mobilizing Institutional Investors For Development at the Africa Central Banks Conference | |
Key African stakeholders in the Finance Sector convened at the Africa Central Banks Conference hosted by the Standard Bank Group, to address the economic growth, financial market stability, and environmental sustainability of the continent. Rich Nuzum, CFA, Executive Director and Chief Investment Strategist at Mercer, Jenna Diallo, Regional Director for Investment Facilitation at Prosper Africa, and Musa Mabesa, Principal Executive Officer at Government Employees Pension Fund, participated in a discussion on Development Finance that was moderated by Aymeric Saha, CEO of MiDA Advisors. The speakers discussed innovative solutions to unlock U.S. capital markets for long-term sustainable financing across Africa. | |
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Roselyn Spencer, Managing Director at MiDA Advisors engaged in stimulating panel discussions about investing in Africa at the Transition-IQ Forum 2023 and the New York State Insurance Fund (NYSIF) 13th Annual Minority- and Women-Owned Business Enterprises (MWBE) Investment Symposium.
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February 16th, 2023: The Transition-IQ Forum 2023 expands into high-priority sustainable investment themes across asset classes to enable asset owners to expedite the low-carbon transition. Roselyn Spencer spoke about sustainable investing in emerging market. Other key topics that were discussed include developing net zero portfolios, adhering to science-based targets, planning for climate risk scenario, and investing in climate solutions. | |  |
NYSIF 13th Annual MWBE Investment Symposium | February 23rd, 2023: Executives from NYSIF, spoke about strengthening and broadening financial options for MWBEs. The symposium covered a variety of subjects, such as the NYSIF's Investment MWBE Program, new ESG market prospects, how to conduct due diligence more effectively, investing in Africa, and tracking DEI progress. MiDA Managing Director Roselyn Spencer educated the attendees about investment opportunities in Africa. | | |
MiDA Advisors Welcomes New Associate | | |
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MiDA Advisors is pleased to welcome Meenakshi Coondiah as the Development Finance Services Associate. Meenakshi will support the writing of RFPs responses, co-facilitate the internal operation of Development Finance projects, and build deliverables/reports with data visualizations using quantitative and qualitative analysis. She has previously interned with MiDA Advisors for 18 months.
Meenakshi is a summa cum laude graduate from The College of Saint Rose in New York with a BS degree in Finance and minor in Economics. She was selected as one of the seven female scholars for the two-year BOLD Women's Leadership Network program and was part of the National Society of Leadership and Success, Delta Mu Delta, and Omicron Delta Epsilon honor societies. Meenakshi is from Mauritius and a high school graduate from the African Leadership Academy in South Africa. She speaks English, French, and Mauritian Creole.
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African Markets Revealed |
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Buoyancy amid choppy waters
With global growth likely to decline in 2023, there may be concerns that GDP growth in Africa may decline as well. In previous years of global GDP sliding, such slippage was attributed to the commodities cycle. This was largely due to Nigeria and South Africa accounting for nearly 50% of SSA GDP, with both largely reliant on the cyclical swings of commodity prices.
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ESG and Climate : IPCC issues final warning | |
Spotlight
Warming above 1 .5°C likely in near term unless world acts now, UN says.
The UN Intergovernmental Panel on Climate Change (IPCC) has published its 6th synthesis report summarising climate science published over the past five years. The report states that burning fossil fuels is threatening human well-being and the stability of much of life on Earth, and our chance to avoid the most severe impacts is fast moving out of reach.
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